Search results for “edgerley simpson howe”

Plans revealed for mixed-use redevelopment of Cardiff’s Howells building

11th August 2023

Plans for the redevelopment of the historic Howells building in Cardiff have been revealed, which could see the former Baptist chapel turned into a food and beverage or leisure destination. The listed Bethany Chapel and adjoining Sunday school building will form part of the wider £100m mixed-use development of the 270,000 sq ft Howells building site. Real estate firm Thackeray Group acquired the site out of receivership last year. The redeveloped scheme will have public realm space running through the chapel – which sits in the centre of the Howells building – and linking to Cardiff Market. The Baptist chapel could provide up to 15,000 sq ft of space. The Howells scheme is being marketed jointly by local property advisory firm EJ Hales and CBRE. It has lain entirely vacant since House of Fraser closed earlier this year. Also at the scheme will be 40,000 sq ft of restaurant and leisure space along St Mary Street, as well as 25,000 sq ft of grade A office space. There are also proposals for 25,000 sq ft of basement leisure space next to the chapel site, with the aim of attracting bar and restaurant operators. Nearby, there are further plans for 62...

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Green light for further phases at Cardiff’s £100m Howells regeneration

6th February 2024

Planning consent for further phases of the £100m redevelopment of Cardiff’s landmark Howells building into a mixed-use destination has been green lit by councillors. Property developer Thackeray Group has been granted permission by Cardiff Council for phases two and three of the development, which include the creation of 61 apartments, the restoration of Bethany Chapel and Sunday School, additional storeys to the Percy Thomas Wharton Street block, and the partial demolition of the centre of the site to create new public realm, linking through to Cardiff Market. Phase one, which already has consent, relates to the former Percy Thomas building at the corner of St Mary Street and Wharton Street. It is set to provide 25,000 sq ft of commercial space which will likely to be let to an office or retail occupier. Thackeray Group is aiming to submit a planning application in the third quarter of this year to create a build-to-rent development above The Hayes and Trinity Street buildings to the east of the site. A further planning application is expected to be submitted in the fourth quarter for a 120-bed hotel and a food and beverage offering on the ground floor at The Walter building fronting St...

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Thackeray unveils £100m Howells building redevelopment in Cardiff

24th August 2023

Developer Thackeray has released new images which reveal how the retail element of the £100m redevelopment of Cardiff’s historic Howells building will look. The retail aspect of the redeveloped building is to be known as Hayes @ Howells, with 15,000 sq ft of space available for a high-end tenant. The building was previously solely-occupied by House of Fraser, before it left the premises earlier this year. Thackeray has appointed local advisory firm EJ Hales alongside CBRE to market the property. Earlier this month, the property development company revealed plans for the site’s former Baptist church, which could be transformed into a food and beverage or leisure destination. Also at the scheme will be 40,000 sq ft of restaurant and leisure space along St Mary Street, as well as 25,000 sq ft of grade A office space. There are also proposals for 25,000 sq ft of basement leisure space next to the chapel site, with the aim of attracting bar and restaurant operators. Nearby, there are further plans for 62 studio apartments and 40,000 sq ft of office space. Thackeray Group acquired the site out of receivership last year.

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The vision for Cardiff’s historic Howells renovations

31st August 2023

Real estate developer Thackeray has unveiled fresh artistic depictions showcasing the retail portion of its comprehensive £100m mixed-use revitalization scheme for the iconic Howells building in Cardiff. The reimagined schemes retail sector is being introduced as the Hayes @ Howells. Encompassing 15,000 sq ft and marketed jointly by EJ Hales, and the London branch of CBRE. Earlier this month Thackeray began marketing the building’s former Baptist Bethany Chapel. The historically listed chapel site is set to become a focal point in the redevelopment, positioned as an “iconic” venue for restaurants, a food hall, or recreational establishments. For decades, the listed chapel had been nestled within the building, devoid of street frontage. Ongoing efforts are creating a scheme that will unveil the chapel, integrating it with a public space that connects to Cardiff Market. Marketed as ‘The Bethany’, this chapel area will supply 15,000 sq ft. The building’s renovation include a prospective 40,000 sq ft of dining and leisure space along St Mary Street, branded as The Walter. Blueprints also outline a 25,000 sq ft leisure area, potentially attractive to restaurant and bar proprietors. The refurbishment of the Bethany Chapel area is expected to take two years with Thackeray currently finalizing...

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A guide to renting a shop in South London

17th January 2023

Considering renting a shop in South London? Here’s what you need to know. South of the Thames, South London consists of the boroughs of Bexley, Bromley, Croydon, Greenwich, Kingston, Lambeth, Lewisham, Merton, Richmond, Southwark, Sutton, and Wandsworth. While maybe not seeing as much footfall as central London, South London has a lot of up-and-coming areas which can make it attractive to retailers, with many town centres based in its boroughs. According to the South London Partnership, South London is home to six times more start-ups with better survival rates than the London average, making it an ideal location to consider when renting a shop. Attractions South London is home to The Shard, London’s tallest building and second in the UK only to Emley Moor in Yorkshire. Southwark‘s Bankside is also home to contemporary art museum the Tate Modern. Southwark also boasts Shakespeare’s Globe for theatre lovers, as well as the historic HMS Belfast, which is moored on the southern banks of the Thames. Music fans may be familiar with the O2 Academy in Brixton which has played host to many world-famous acts over the years. South London is home to world heritage site Maritime Greenwich, famous for historic landmarks such...

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ESH recruits associate partner

16th January 2023

Retail warehouse specialist Edgerley Simpson Howe (ESH) has recruited Dom Barnard as associate partner in its investment team. Barnard will work alongside Jamie Naughton, David Cooke and Flora Nash. He joins from Cushman & Wakefield where he worked in the retail warehouse capital markets team for seven years. Barnard has worked with a range of institutional investors as well as real estate investment trusts and property companies in both acquisition and disposal roles. Adam Patrick, managing partner at ESH, said: “We identified Dom as someone who is young and ambitious, has all the right qualities and crucially has specific experience working within the retail warehouse space, an important attribute when joining a niche advisory business like ours. As an agile partnership we believe it’s important to continually improve the team so that we continue to provide our clients with the best possible advice.”

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A guide to renting a shop in West London

22nd March 2023

Considering renting a shop in West London? Here’s what you need to know. To the north west of the Thames, the exact confines of West London are sketchy, however, a 2011 publication by the Mayor of London defined West London as the boroughs of Brent, Harrow, Hammersmith and Fulham, Hillingdon, Hounslow, and Richmond upon Thames. Other areas such as Ealing, Brentford, and Kensington and Chelsea are considered West London, although the latter is covered in our Central London guide. Traditionally considered to be home to the city’s rich and famous, West London is a great place to rent a shop. Attractions West London brings in thousands of tourists who come to watch some of the big names in football. Premier League heavyweights Chelsea actually play their football in Fulham, just down the road from the borough’s namesake club. Brentford and Queens Park Rangers are just a couple of other clubs in a part of London that loves football. It’s not just football for sports fans in West London, though. It also hosts the home of English Rugby, Twickenham Stadium. Hampton Court Palace in the borough of Richmond upon Thames is a great option for history lovers, one of King Henry...

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LCP aquires Grimsby’s largest retail park

7th August 2023

Alexandra Retail Park, Grimsby‘s largest retail park, has been sold to commercial property and investment company LCP, part of European investment operation M Core. The retail park formerly owned by Zurich Assurance Ltd has 560 parking spots, spans 125,695 sq ft and houses popular national brands like Matalan, SCS, The Food Warehouse, Argos, Pets at Home, and Poundstretcher. The undisclosed transaction is part of LCP’s proactive approach to acquiring properties within shopping parades, centers, and retail parks across the nation. James Buchanan, Managing Director of LCP Group, stated; “Our team is diligently seeking out sites with potential for value enhancement, offering tenants good value, providing a positive local shopping experience, and ensuring a solid return on our investment.” Over the past year, M Core has invested over £160 million in 25 retail centers. Notable acquisitions include Cwmbran Centre, Cwmbran; The Galleries, Washington, Sunderland; and Three Spires in Lichfield. The firm remains active in the acquisitions market, with a budget of £300 million available for investments ranging from £500,000 to £30 million. LCP has appointed agents Henry Phipps of Edgerley Simpson Howe and Duncan Wiley of PPH Commercial to oversee this venture.

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Jollyes targeting retail parks in expansion drive

23rd November 2023

Jollyes is targeting retail parks as part of its continued expansion, as the retailer aims to open between 20 and 25 new stores in 2024. The pet retailer’s ideal units range between 5,000 and 7,000 sq ft in size at ground floor, located at retail parks or roadside locations across the UK. So far in 2023, Jollyes has opened 14 stores in the following locations: Jollyes has appointed Tim Hornor, Karl Norman and Sophie Wilson at Edgerley Simpson Howe to help find suitable locations to support its expansion plans.

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Savills IM offloads Kent Waitrose

4th January 2024

Savills Investment Management (IM) has disposed of a Waitrose food store in Kings Hill near Maidstone, Kent, to a private overseas investor. The 9,058 sq ft purpose-built store was held for nine years with its lease regeared and extended prior to the sale. The asset is let to Waitrose at c.£19.87 per sq ft until August 2038. Edgerley Simpson Howe represented Savills IM. Ward Properties and Trefilik & Co acted as joint agents for the purchaser.

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Hereford retail park handed £6.1m price tag

23rd April 2024

A retail park in Hereford has been placed on the market with a price tag of £6,100,000. Brook Retail Park on Commercial Road is located on a main arterial route into the city centre and is surrounded by key commercial uses including Hereford Rail Station, a student hall, and Hereford County Hospital. The food-anchored retail warehouse comprises two terraces and extends to a total ground floor area of 32,922 sq ft. The scheme is fully let to Lidl, Pets at Home, and Poundstretcher, with all tenants having regeared in the last three years with an average rent of £13.34 per sq ft. The asset benefits from a weighted average unexpired lease term of 15.2 years to expiry and 9.2 years to break. The asking price of £6.1m reflects a net initial yield of 6.75%. Edgerley Simpson Howe has been instructed to find a suitable buyer for Brook Retail Park.

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Redevco appoints asset manager from Nuveen

6th February 2025

Real estate management company Redevco has appointed Lauren Chew as an asset manager within its UK team. She joins from Nuveen, where she worked for over three years asset managing a range of properties including high street shops, shopping centres, and retail parks. Prior to her time at Nuveen, Chew spent 18 years at out-of-town specialist Edgerley Simpson Howe. Reporting to the newly-appointed UK portfolio head Deborah Green, Chew will be responsible for the asset management of Redevco’s 16-strong retail park portfolio. Deborah Green, portfolio director at Redevco UK, said: “Lauren is a highly skilled asset manager and her appointment comes at a significant time for our business as we drive performance of our retail park portfolio.” Lauren Chew added: “While out of town retail is acknowledged as the standout performer of the sector shrewd and proactive asset management remains key to maximising returns. I look forward to meeting this challenge at Redevco.” Redevco acquired the retail park portfolio at the end of 2024 from Oxford Properties for £518m.

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Green & Partners expands team with equity partner appointment

17th September 2024

Independent retail and leisure agency Green & Partners (G&P) has expanded its team with the appointment of Ben Simpson as equity partner. In his new role as part of the firm’s investment team, Simpson will advise clients on commercial sales and investment acquisitions across the UK, whilst also expanding the company’s activity in Central London. He will be working alongside fellow equity partners Ed Smith and David Freeman. Simpson joins from Clifton Agency where he was co-head of the national capital markets team. Prior to this, he previously worked at CWM & Partners for 14 years as an equity partner in the firm’s in-town investment team. Ed Smith, equity partner at G&P, said: “Ben is someone we have worked closely with on numerous deals over the years and is an excellent addition to the team at G&P. His technical knowledge, contact network and investment expertise across a range of asset classes will be invaluable as we continue our growth.” David Freeman, equity partner at G&P, added: “We are delighted to recruit such an experienced and talented specialist to our expanding team at G&P. Ben’s arrival is not only a great fit internally but a significant milestone as we continue to strengthen...

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Green light for former Cardiff department store revamp

22nd December 2023

A redevelopment of part of a former House of Fraser department store in Cardiff has been approved by councillors. The proposals for the Grade II-listed Howells building were backed by Cardiff City Council at a Special Committee meeting on Thursday (21 December) night. They include a partial demolition of the department store to create studio apartments and flexible commercial floorspace. The proposals – submitted by TE Cardiff 7 – also include the restoration of the nearby Bethany Chapel and Sunday School, as well as the extension of additional storeys to the Percy Thomas Warton Street block, and improvements to public realm space, infrastructure, and engineering. Developer Thackeray is looking to transform these buildings to create a retail element comprising 15,000 sq ft, as well as 40,000 sq ft of food and beverage space and 25,000 sq ft of offices. There are also proposals for 25,000 sq ft of basement leisure space next to the chapel site, with the aim of attracting bar and restaurant operators. Nearby, there are further plans for 62 studio apartments and 40,000 sq ft of office space. Thackeray acquired the site out of receivership last year. Local advisory firm EJ Hales and CBRE have been acquired...

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Wilko to axe 400 staff in bid to stabilise business

16th February 2023

Wilko plans to axe more than 400 jobs across its business as part of a restructure to stabilise the firm. The troubled discount retailer has found it difficult to recover from the pandemic and subsequent lower footfalls, coupled with the fall in consumer spending due to the cost-of-living crisis. The staffing cuts include 150 assistant store managers and around 95 workers from its contact centre in Worksop, Nottinghamshire, as well as a range of senior head office roles. Speaking to The Guardian, Mark Jackson, the chief executive of Wilko, said: “We’ve identified significant changes to the Wilko operating model to enable us to stabilise the business and then thrive again. This includes some proposed changes to our management structure at both our stores and head office. “We’re fully supporting affected individuals. We know change will be unsettling to our team members and the wider business, and we’re acting swiftly to put in place the new organisational structure to stabilise and grow.” The GMB union confirmed it is in talks with Wilko, which employs a total of 16,000 staff, in a bid to reduce job losses. Nadine Houghton, GMB national officer, said: “Wilko is going through significant changes at the moment...

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Co-op extends contract with property consultancy

8th April 2025

Hartnell Taylor Cook has signed a new five-year contract with the Co-operative Group, which will see the commercial property agency expand the number of Co-op properties under its management to 300. Having managed the Co-op’s non-trading assets across south west England since 2012, Hartnell Taylor Cook will now oversee properties across a broader region, also covering Wales and the south east of England. This comes after the Co-op Group announced earlier this year that it is planning to open 75 stores in 2025, whilst also refurbishing 80 existing shops. Hartnell Taylor Cook will continue to provide property and asset management services for Co-op’s non-operational assets across the south of England and Wales. The firm will advise on the strategic management of the sub-let portfolio, debt management, service charge and insurance re-charge consultancy, and the procurement and oversight of works and services. The group will also continue to deliver supplier and vacant property management services, as well as ad-hoc services from the its agency, development, and professional services divisions. Stuart Howell, managing partner at Hartnell Taylor Cook said: “We are delighted to extend our longstanding partnership with the Co-operative Group. Over the past decade, we’ve worked closely with them to manage...

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Savills appointed for theme park’s debut UK location

3rd February 2023

Savills has been instructed by theme park operator Puy De Fou as it looks to open its first site in the United Kingdom. The historical theme park concept, which already has two sites in France and Spain, is looking for a space up to 400 acres in size in the central England area. Created in 1977, Puy De Fou has become France’s second-most visited theme park, and aims to transport visitors through the past through a variety of rides, shows, and experiences. The theme park operator is looking to expand globally, with the UK a prime target due to its rich history and heritage. Ian Simpson, head of the leisure and trade-related team at Savills, said: “In recent years we have seen the popularity of experiential and immersive visitor attractions grow in the UK and with the UK’s extensive history, this will add a unique experience for the British public.”

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Manchester Council to approve Great Northern redevelopment

15th February 2023

Manchester City Council’s planning committee will discuss the Great Northern Warehouse redevelopment, as well as a new 6 storey office in Didsbury Technology Park, this Thursday (16th). Trilogy Real Estate and Peterson Group’s submitted plans for the £213m mixed-use site as part of Manchester City Council’s 2017 Strategic Regeneration Framework (SRF). The development will see the six-acre site converted into eco-friendly offices, 746 homes and a new supermarket. The grade II listed Deansgate Terrace would also be refurbished to provide a further offices space on its upper floors, creating 150,000 sq. ft of total space. The ground floor will continue to hold retail and leisure space. A glass bridge would also be built between the warehouse and Deansgate terrace to connect the buildings. If planning permission is secured, Trilogy and Peterson would develop the project in phases, starting in June 2024, with completion due by June 2029. Phase A comprises the refurbishment and conversion of Great Northern Warehouse and the northern end of Deansgate Terrace, while Phases B and C will include the partial leisure box demolition, the building of the residential towers, and the refurbishment of the southern end of Deansgate Terrace. Trilogy Real Estate and Peterson Group are working...

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Labour plans to ditch business rates in bid to “breathe life” into high streets

10th April 2024

The Labour Party has pledged to replace business rates as part of its plan to “breathe life” into Britain’s high streets. Labour plans to replace business rates with “a new system of business property taxation”, which it says will rebalance the burden and level the playing field between high street retailers and their online counterparts. The five-point plan also includes proposals to revamp empty shops, pubs, and community spaces with the creation of a “right to buy” scheme for community assets. The opposition party is also looking to tackle antisocial behaviour and shoplifting, roll out banking hubs, and introduce laws to stop late payments for high street retailers from big clients. The proposals have been welcomed by some industry figures, such as Allen Simpson, deputy chief executive of trade body UKHospitality: “Hospitality helps create places where people want to live, work and invest, but too often policies make it expensive to run businesses in the heart of communities”, he said. “We’re pleased to see this focus on high streets and fixing the broken business rates system. “The current system is archaic and unfairly penalises businesses that have a physical presence in communities, like hospitality. It’s clear that the current system...

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Roko puts four fitness clubs on the market

1st July 2024

Roko Health Clubs has appointed Savills to market four health and fitness clubs, to be sold either individually or all together. The sites have been placed on the market with the following guide prices: Chiswick, £1.25m; Gillingham, £3m; Nottingham, £2.85m; and York, £1.1m. Each of the clubs has an approximate built footprint of between 26,000 sq ft and 43,000 sq ft. The facilities at the clubs include 20m swimming pools, spa areas, jacuzzi pools, learner pools, open plan gym floors, studio rooms, cafés, and ancillary spaces. Three of the assets are held on long leaseholds with between 104 and 108 years remaining, with Chiswick being offered on a short leasehold basis with 18 years unexpired. All four of the clubs operate under the Roko brand, and have multiple revenue streams including memberships, concessions, day nurseries, beauty treatment rooms, swimming lessons, personal training, and studio hire. The health clubs have operated successfully as individual venues, however Savills said they could be integrated into existing health and fitness portfolios. Alternatively, the sites could be purchased together to form the basis of a new independent group operation. Ian Simpson, head of leisure and trading at Savills, said: “The health and fitness sector continues to...

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